Saturday, March 04, 2017

UK Warned It Must 'Honour All Financial Obligations' To EU


THE GUARDIAN: European political leaders and diplomats react to Lords report arguing that Britain could leave EU without paying £52bn

European political leaders and diplomats have reacted furiously to the suggestion that Britain could leave the EU without paying a multibillion pound “divorce settlement”.

The European commission, along with 27 EU member states, have settled on a sum of about €60bn (£52bn) that the UK would have to pay to fulfil the commitments it had signed up to as an EU member.

In a report published on Saturday, the House of Lords EU financial affairs subcommittee argued that the British government would be on strong legal ground if it chose to leave the EU without paying anything, and suggesting that Brussels would have no realistic chance of getting any money. » | Daniel Boffey in Brussels | Saturday, March 4, 2017